Menu
STANDARD DETUCTION OF 40000 FOR AY 2019-20
Sir i want to know how to take the standard deduction of ₹ 40000. that weather i should take it on 80C like (150000+40000=190000) or before 80C like gross salary - 40000. sir please give with a example.. with clear explanation. thank you.
Replies (2)
"weather i should take it on 80C like (150000+40000=190000)"
NO
"or before 80C like gross salary - 40000."
Correct......
Standard deduction of 40,000 will be available under section 16(i)(a)
Recent Topics :
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
- IMS Rejection of Sales and Sales return
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
Related Topics :
CAclubindia
